108 Kitten Lane, Rural Retreat VA 24368 (Off Market)

For Sale, USD 650,000


108 Kitten Lane, Rural Retreat VA 24368,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 10,000 ft² / 929 m²

Land Size : N/A

Bedroom : 16

Bathroom : 4

Half Bathroom : 0

MLS#: N/A


Property Description

Excellent investment opportunity with strong existing cash flow and room to grow. This 3.86-acre multi-family property features a total of 7 income-producing units plus 2 additional tenant-owned mobile homes providing lot rent income. The property includes two duplexes totaling four 2-bedroom, 1-bath units, along with three mobile homes consisting of two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. All units are individually metered with public water and sewer already in place, making management efficient and straightforward. Current gross annual income is approximately $73,800 with an NOI of approximately $66,105. Situated directly on Route 11, the location offers excellent accessibility, just 3 minutes from Exit 60 off Interstate 81 and only 10 minutes from Wytheville. The expansive acreage provides a tremendous opportunity for future development or expansion, with plenty of additional space for more units or improvements. Whether you're looking to expand your portfolio with a stabilized income-producing asset or seeking a property with long-term development potential, this versatile multi-family package offers both immediate returns and future upside.
More
108 Kitten Lane, Rural Retreat VA 24368, United States,Virginia,Rural Retreat is a 10,000ft² Rural Retreat luxury Multi-Family Home listed for sale USD 650,000. This high end Rural Retreat Multi-Family Home is comprised of 16 bedrooms and 4 baths. Find more luxury properties in Rural Retreat or search for luxury properties for sale in Rural Retreat.